More On David Tepper

I hope it does not seem like I am picking on David Tepper because he is undoubtedly talented and more successful than I could ever hope to be. However, I have seen the investing public turn others into gods only to see them stumble shortly after.

Nobody knows for certain what will happen. Nobody. And the market is never a no lose situation. If everybody is focusing on how great David Tepper is than I want to show the other side of the trade and show that he is fallible. If everybody were picking on him, I would likely be defending him. 
  • David Tepper made a strong case for the financials in May at the Ira Sohn conference. They have been the worst performing group since.
  • Tepper made downbeat comments in August only to turn bullish after the Fed meeting last week at much higher prices.
  • Tepper has made most of his money in distressed situations, not by calling the near term direction of the stock market.


Random Thoughts said...


Anonymous said...

Tepper had major losses in 2008 because he did not understand the magnitude of the problem.

IC said...

I think he is holding a lot of financials he needs to distribute.